Every organization, big or small, depends on
materials and services from other
organizations to varying extents. These
materials and services are obtained through
exchange of money and the physical arrangement
of it all is called "'Material Management'"
or "Materials Management" .

[material management]
'Material Management' "Materials Management"

Various materials used as inputs, such as
raw materials, consumables & spares, are
required to be purchased and made available to
the shops / users as & when needed to ensure
uninterrupted production.

Therefore, efficient
management of input materials is of paramount
importance in a business organization for
maximizing materials productivity, which
ultimately adds to the profitability of the
organization.

This requires well coordinated approach
towards various issues involving decision making with
respect to materials.
The main concern of any Business management is
to maximise the Return on Investment (ROI).
The relationship of various entities here can
be expressed as:

By some
combination of the above
Thus , it is the cost control that holds
the key

In many manufacturing organisations, the cost of
materials alone happens to range from 40 % to 60
% of the total expenditure. Obviously, a better
management of material is expected to ensure
reduction in overall cost of operation and
smoothness in supply of inputs.

This requires well coordinated approach towards
various
issues involving decision making with respect to
materials.

To carry out these functions
efficiently, it is essential to
have a very good supplier base,
order booking process &
inventory management system as
well as expert

MATERIALS
MANAGEMENT (MM)
professionals.

Materials Management is a key
business function that is responsible for
co-ordination of planning, sourcing,
purchasing, moving ,
storing and controlling materials in an
optimum manner so as to provide a pre-decided service
to the customer at a minimum cost.

In its process of managing ,
materials management has such
sub fields as inventory
management , value analysis,
receiving, stores and management
of obsolete , slow moving and
non moving.

Materials Management's scope is vast. Its sub
functions include Materials planning and
control, Purchasing, Stores and Inventory
Management besides others. The various
activities represent these four functions:

We expect business institutes , colleges and
universities , worldwide, to make use of this
site to promote international traineeships for
the students.

Business collaboration proposals are welcome
on [Material Management] services.
Please
contact us or go to our
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"If
through any keyword search or
any reference you have stumbled upon
this professional and
exclusive site on MATERIALS
MANAGEMENT, you've landed ,rightly,
on a Unique site!!" - Vijay Mathur,
C.P.M, A.P.P.,MBA,M.Sc.